Weekly Coffee Break: Roundup of Industry News

Weekly Coffee Break: Roundup of Industry News

Every week, we’ll share a roundup of industry news and links that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

Is the CFPB Ruling Important for the Future of Fintechs? – Recently a federal appeals court decided that the Consumer Finance Protection Bureau—a federal organization designed to safeguard against some of the pitfalls that led to the 2008 crisis—had been operating unconstitutionally, something which is certainly a blow to the agency itself and will no doubt have ramifications for how it will operate in the future.

Now the idea of blockchain has gripped Wall Street’s biggest institutions.

10 Ways Banking Will Be Different in 2020 – An obvious statement: The banking world is changing. However, it does give rise to less obvious questions: Just how fast is it changing, and in what ways? For instance, what will the banking world look like in five years? Will there be chatbots in every smartphone and every app? Will bitcoins or other cryptocurrencies be mainstream forms of money exchange?

Well, we’re going to explain exactly what it is for you in an easy to understand way as well as provide a great infographic to help illustrate some of the major points.

Unbanked Household Rate Hits New Low – The number of households without an account at a bank or credit union fell in 2015 to its lowest level since at least 2009, in part because of an improving economy, the FDIC reported Thursday.

The survey, conducted every two years by the U.S. Census Bureau and the FDIC since 2009, also tracked strong gains among consumers in reaching their account online or with a smartphone.